South & Central America Flavor Masking Agents for Food and Beverages Market Forecast to 2030

South & Central America Flavor Masking Agents for Food and Beverages Market Forecast to 2030

South & Central America Flavor Masking Agents for Food and Beverages Market Forecast to 2030 – Regional Analysis – by Type (Sweet, Salt, Fat, Bitter, and Others) and Application (Bakery and Confectionery; Dairy and Frozen Desserts; Beverages; Meat, Poultry, and Seafood; Meat Substitutes; Dairy Alternatives; RTE and RTC Meals; and Others)

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Description

The South & Central America flavor masking agents for food and beverages market was valued at US$ 11.63 million in 2022 and is expected to reach US$ 18.10 million by 2030; it is estimated to record a CAGR of 5.7% from 2022 to 2030.

Wide Array of Applications Drive South & Central America Flavor Masking Agents for Food and Beverages Market

Flavor masking agents are food additives used to mask unpleasant and undesirable flavors in various food and beverage products. Bitterness, vitamins and minerals flavor, overly sweetness, metallic flavor, and glycerin flavor in food products are masked with flavor ingredients to give the end products an appealing taste and flavor. Flavor masking agents are widely used in bakery and confectionery, dairy and frozen desserts, meat substitutes, dairy alternative products, Ready-to-eat (RTE) and Ready-to-cook (RTC) meals, and meat and seafood products. Many processed fortified foods such as dairy items, meat products, and bakery and confectionery items contain vitamins, protein, and other functional ingredients with unpleasant odors and tastes. Flavor masking agents are widely used in these products to get the desired flavor and taste. Additionally, flavor masking agents allow for a reduction in the sugar, salt, and fat content of processed foods. Thus, increased consumption of processed foods propels the demand for flavor masking agents. Components such as flavor maskers and sweetness enhancers help preserve products or boost the taste profiles of the products. Neohesperidin dihydrochalcone (NHDC), a bioflavonoid derived from bitter oranges, can be used as a flavor enhancer, heavy sweetness enhancer, and taste masker. Moreover, the growing interest of consumers in healthier lifestyles drives demand for fortified, functional, and other convenient, functional foods and beverages, such as products with less sugar. However, the boosting functional benefits can hamper the taste and flavors of the end product. Thus, to get the desired flavor, functional and convenient food manufacturers use flavor masking agents. For instance, flavor masking agents are significantly used in protein-based food products to eliminate or neutralize the off-flavor or undesirable flavor of protein. Thus, the wide array of applications of flavor masking agents in various food and beverages boosts the South & Central America flavor masking agents for food and beverages market growth.

South & Central America Flavor Masking Agents for Food and Beverages Market Overview

The South & Central America flavor masking agents for food and beverages market is segmented into Brazil, Argentina, and the Rest of South & Central America. The market in the region has been experiencing an increased emphasis on health and wellness. Consumers opt for products with low sugar, salt, and artificial additives. Flavor masking agents help manufacturers create healthier options without compromising taste, making products attractive to health-conscious consumers. In addition, the popularity of exotic and tropical fruit-based beverages has driven the demand for flavor masking agents in the region. These agents allow manufacturers to work with ingredients that have unique and intense flavors, ensuring that the final products are not overly strong and unpalatable.

Further, rising trend of convenience foods in South & Central America contributes to the demand for flavor masking agents. Manufacturers use these agents to maintain the flavor and taste of different ready-to-eat products. The growing interest in clean-label products across the region contributed to the regional market growth. Flavor masking agents are used to maintain taste in products while avoiding artificial or undesirable ingredients, aligning with the clean label movement and satisfying consumer preference for natural and minimal processed options.

South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Flavor Masking Agents for Food and Beverages Market Segmentation

The South & Central America flavor masking agents for food and beverages market is segmented based on type, application, and country.

Based on type, the South & Central America flavor masking agents for food and beverages market is segmented into sweet, salt, fat, bitter, and others. The bitter segment held the largest share in 2022.

By application, the South & Central America flavor masking agents for food and beverages market is segmented into bakery and confectionery; dairy and frozen desserts; beverages; meat, poultry, and seafood; meat substitutes; dairy alternatives; RTE and RTC meals; and others. The beverages segment held the largest share in 2022.

Based on country, the South & Central America flavor masking agents for food and beverages market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America flavor masking agents for food and beverages market in 2022.

Archer-Daniels-Midland Co, Carmi Flavor & Fragrance Co Inc, Firmenich International SA, Kerry Group Plc, Koninklijke DSM NV, Sensient Technologies Corp, Synergy Flavors Inc, and Tate & Lyle Plc are some of the leading companies operating in the South & Central America flavor masking agents for food and beverages market.

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At 5.7% CAGR, South & Central America Flavor Masking Agents for Food and Beverages Market is Speculated to be Worth US$ 18.10 Million by 2030, Says the Research Team

According to the Research Team’ research, the South & Central America flavor masking agents for food and beverages market was valued at US$ 11.63 million in 2022 and is expected to reach US$ 18.10 million by 2030, registering a CAGR of 5.7% from 2022 to 2030. Technological advancements in flavor masking and wide array of applications are among the critical factors attributed to the South & Central America flavor masking agents for food and beverages market expansion.

Flavor masking agents are used in food products and beverages through various techniques and technologies such as microencapsulation, nanotechnology, polymer coating, organoleptic methods, hot melt extrusion, complexation, and spray drying. Nanotechnology aids in enhancing the solubility and stability of flavors, as well as providing controlled release properties. Thus, manufacturers increasingly use nanotechnology to make flavor masking agents. Moreover, microencapsulation is a relatively new technology in which the flavor content is encapsulated in a solid matrix. The flavor is released when the substance is heated or exposed to water. Spray drying, coacervation, polymerization, and other techniques are used in microencapsulation. In the microencapsulation process, the oilwater mixture is homogenized in the presence of wall material, followed by controlled spray drying. Wall materials include vegetable gums, starches, dextrin, proteins, cellulose esters, and others. Microencapsulation provides controlled flavor release at the right place and desired time. It protects the active ingredients (flavors) from moisture, acid, heat, oxidation, and ingredient interaction. It also provides the ease of handling ingredients as they are dry and free flowing, reducing overall transportation and handling costs. Microencapsulated flavor masking is highly shelf-stable, making it more desirable than other formats. The technology is not just for flavor and odor masking; it can also improve stability, prevent ingredient interaction, and modify the release of ingredients. Thus, technological advancements in the manufacturing of flavor masking agents bolster the flavor masking agents market growth across the region.

On the contrary, high manufacturing expenses results in high product cost hampers the growth of South & Central America flavor masking agents for food and beverages market.

Based on type, the South & Central America flavor masking agents for food and beverages market is segmented into sweet, salt, fat, bitter, and others. The bitter segment held 51.7% share of the South & Central America flavor masking agents for food and beverages market in 2022, amassing US$ 6.01 million. It is projected to garner US$ 9.44 million by 2030 to expand at 5.8% CAGR during 2022-2030.

By application, the South & Central America flavor masking agents for food and beverages market is segmented into bakery and confectionery; dairy and frozen desserts; beverages; meat, poultry, and seafood; meat substitutes; dairy alternatives; RTE and RTC meals; and others. The beverages segment held 29.3% share of the South & Central America flavor masking agents for food and beverages market in 2022, amassing US$ 3.41 million. It is projected to garner US$ 4.81 million by 2030 to expand at 4.4% CAGR during 2022-2030.

Based on country, the South & Central America flavor masking agents for food and beverages market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America held 53.0% share of South & Central America flavor masking agents for food and beverages market in 2022, amassing US$ 6.16 million. It is projected to garner US$ 9.34 million by 2030 to expand at 5.3% CAGR during 2022-2030.

Key players operating in the South & Central America flavor masking agents for food and beverages market are Archer-Daniels-Midland Co, Carmi Flavor & Fragrance Co Inc, Firmenich International SA, Kerry Group Plc, Koninklijke DSM NV, Sensient Technologies Corp, Synergy Flavors Inc, and Tate & Lyle Plc, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America flavor masking agents for food and beverages market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America flavor masking agents for food and beverages market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the flavor masking agents for food and beverages market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. South & Central America Flavor Masking Agents for Food and Beverages Market Landscape
4.1 Overview
4.1.1 Market Definition:
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturing Process
4.3.3 Distributors or Suppliers
4.3.4 End-Use Industries
5. South & Central America Flavor Masking Agents for Food and Beverages Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Wide Array of Applications
5.1.2 Technological Advancements in Flavor Masking
5.2 Market Restraints
5.2.1 High Manufacturing Expenses Results in High Product Cost
5.3 Market Opportunities
5.3.1 Rising Use of Flavor Masking Agents in Plant-Based Products
5.4 Future Trends
5.4.1 Increasing Demand for Natural Additives
5.5 Impact Analysis of Drivers and Restraints
6. Flavor Masking Agents for Food and Beverages Market – South & Central America Market Analysis
6.1 South & Central America Flavor Masking Agents for Food and Beverages Market Revenue (US$ Thousand)
6.2 South & Central America Flavor Masking Agents for Food and Beverages Market Volume (Tons)
6.3 South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecast and Analysis (US$ Thousand)
6.4 South & Central America Flavor Masking Agents for Food and Beverages Market Volume and Forecast and Analysis (Tons)
7. South & Central America Flavor Masking Agents for Food and Beverages Market Analysis – Type
7.1 Sweet
7.1.1 Overview
7.1.2 Sweet Market Revenue and Forecast to 2030 (US$ Thousand)
7.1.3 Sweet Market Volume and Forecast to 2030 (Tons)
7.2 Salt
7.2.1 Overview
7.2.2 Salt Market Revenue and Forecast to 2030 (US$ Thousand)
7.2.3 Salt Market Volume and Forecast to 2030 (Tons)
7.3 Fat
7.3.1 Overview
7.3.2 Fat Market Revenue and Forecast to 2030 (US$ Thousand)
7.3.3 Fat Market Volume and Forecast to 2030 (Tons)
7.4 Bitter
7.4.1 Overview
7.4.2 Bitter Market Revenue and Forecast to 2030 (US$ Thousand)
7.4.3 Bitter Market Volume and Forecast to 2030 (Tons)
7.5 Others
7.5.1 Overview
7.5.2 Others Market Revenue and Forecast to 2030 (US$ Thousand)
7.5.3 Others Market Volume and Forecast to 2030 (Tons)
8. South & Central America Flavor Masking Agents for Food and Beverages Market Analysis – Application
8.1 Bakery and Confectionery
8.1.1 Overview
8.1.2 Bakery and Confectionery Market Revenue and Forecast to 2030 (US$ Thousand)
8.2 Dairy and Frozen Desserts
8.2.1 Overview
8.2.2 Dairy and Frozen Desserts Market Revenue and Forecast to 2030 (US$ Thousand)
8.3 Beverages
8.3.1 Overview
8.3.2 Beverages Market Revenue and Forecast to 2030 (US$ Thousand)
8.4 Meat, Poultry, and Seafood
8.4.1 Overview
8.4.2 Meat, Poultry, and Seafood Market Revenue, and Forecast to 2030 (US$ Thousand)
8.5 Meat Substitutes
8.5.1 Overview
8.5.2 Meat Substitutes Market Revenue, and Forecast to 2030 (US$ Thousand)
8.6 Dairy Alternatives
8.6.1 Overview
8.6.2 Dairy Alternatives Market Revenue and Forecast to 2030 (US$ Thousand)
8.7 RTE & RTC Meals
8.7.1 Overview
8.7.2 RTE & RTC Meals Market Revenue and Forecast to 2030 (US$ Thousand)
8.8 Others
8.8.1 Overview
8.8.2 Others Market Revenue and Forecast to 2030 (US$ Thousand)
9. South & Central America Flavor Masking Agents for Food and Beverages Market – Country Analysis
9.1 South & Central America Flavor Masking Agents for Food and Beverages Market – Country Analysis
9.1.1 South & Central America Flavor Masking Agents for Food and Beverages Market Breakdown by Country
9.1.1.1 Brazil: South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts to 2030 (US$ Thousand)
9.1.1.2 Brazil: South & Central America Flavor Masking Agents for Food and Beverages Market Volume and Forecasts to 2030 (Tons)
9.1.1.2.1 Brazil: South & Central America Flavor Masking Agents for Food and Beverages Market Breakdown by Type
9.1.1.2.2 Brazil: South & Central America Flavor Masking Agents for Food and Beverages Market Breakdown by Type
9.1.1.2.3 Brazil: South & Central America Flavor Masking Agents for Food and Beverages Market Breakdown by Application
9.1.1.3 Argentina: South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts to 2030 (US$ Thousand)
9.1.1.4 Argentina: South & Central America Flavor Masking Agents for Food and Beverages Market Volume and Forecasts to 2030 (Tons)
9.1.1.4.1 Argentina: South & Central America Flavor Masking Agents for Food and Beverages Market Breakdown by Type
9.1.1.4.2 Argentina: South & Central America Flavor Masking Agents for Food and Beverages Market Breakdown by Type
9.1.1.4.3 Argentina: South & Central America Flavor Masking Agents for Food and Beverages Market Breakdown by Application
9.1.1.5 Rest of South & Central America: South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts to 2030 (US$ Thousand)
9.1.1.6 Rest of South & Central America: South & Central America Flavor Masking Agents for Food and Beverages Market Volume and Forecasts to 2030 (Tons)
9.1.1.6.1 Rest of South & Central America: South & Central America Flavor Masking Agents for Food and Beverages Market Breakdown by Type
9.1.1.6.2 Rest of South & Central America: South & Central America Flavor Masking Agents for Food and Beverages Market Breakdown by Type
9.1.1.6.3 Rest of South & Central America: South & Central America Flavor Masking Agents for Food and Beverages Market Breakdown by Application
10. Competitive Landscape
10.1 Heat Map Analysis
10.2 Company Positioning & Concentration
11. Company Profiles
11.1 Sensient Technologies Corp
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Firmenich International SA
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Tate & Lyle Plc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Archer-Daniels-Midland Co
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Kerry Group Plc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Carmi Flavor & Fragrance Co Inc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Synergy Flavors Inc
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Koninklijke DSM NV
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix

LIST OF TABLES

Table 1. South & Central America Flavor Masking Agents for Food and Beverages Market Segmentation
Table 2. South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts To 2030 (US$ Thousand)
Table 3. South & Central America Flavor Masking Agents for Food and Beverages Market Volume and Forecasts To 2030 (Tons)
Table 4. South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts To 2030 (US$ Thousand) – Type
Table 5. South & Central America Flavor Masking Agents for Food and Beverages Market Volume and Forecasts To 2030 (Tons) – Type
Table 6. South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts To 2030 (US$ Thousand) – Application
Table 7. Brazil: South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts To 2030 (US$ Thousand) – By Type
Table 8. Brazil: South & Central America Flavor Masking Agents for Food and Beverages Market Volume and Forecasts To 2030 (Tons) – By Type
Table 9. Brazil: South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts To 2030 (US$ Thousand) – By Application
Table 10. Argentina: South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts To 2030 (US$ Thousand) – By Type
Table 11. Argentina: South & Central America Flavor Masking Agents for Food and Beverages Market Volume and Forecasts To 2030 (Tons) – By Type
Table 12. Argentina: South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts To 2030 (US$ Thousand) – By Application
Table 13. Rest of South & Central America: South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts To 2030 (US$ Thousand) – By Type
Table 14. Rest of South & Central America: South & Central America Flavor Masking Agents for Food and Beverages Market Volume and Forecasts To 2030 (Tons) – By Type
Table 15. Rest of South & Central America: South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts To 2030 (US$ Thousand) – By Application
Table 16. Heat Map Analysis

LIST OF FIGURES

Figure 1. South & Central America Flavor Masking Agents for Food and Beverages Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis: South & Central America Flavor Masking Agents for Food and Beverages Market
Figure 3. Ecosystem: South & Central America Flavor Masking Agents for Food & Beverages Market
Figure 4. South & Central America Flavor Masking Agents for Food and Beverages Market – Key Industry Dynamics
Figure 5. South & Central America Flavor Masking Agents for Food and Beverages Market Impact Analysis of Drivers and Restraints
Figure 6. South & Central America Flavor Masking Agents for Food and Beverages Market Revenue (US$ Thousand), 2020 – 2030
Figure 7. South & Central America Flavor Masking Agents for Food and Beverages Market Volume (Tons), 2020 – 2030
Figure 8. South & Central America Flavor Masking Agents for Food and Beverages Market Share (%) – Type, 2022 and 2030
Figure 9. Sweet Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 10. Sweet Market Volume and Forecasts To 2030 (Tons)
Figure 11. Salt Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 12. Salt Market Volume and Forecasts To 2030 (Tons)
Figure 13. Fat Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 14. Fat Market Volume and Forecasts To 2030 (Tons)
Figure 15. Bitter Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 16. Bitter Market Volume and Forecasts To 2030 (Tons)
Figure 17. Others Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 18. Others Market Volume and Forecasts To 2030 (Tons)
Figure 19. South & Central America Flavor Masking Agents for Food and Beverages Market Share (%) -Application, 2022 and 2030
Figure 20. Bakery and Confectionery Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 21. Dairy and Frozen Desserts Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 22. Beverages Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 23. Meat, Poultry, and Seafood Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 24. Meat Substitutes Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 25. Dairy Alternatives Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 26. RTE & RTC Meals Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 27. Others Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 28. South & Central America Flavor Masking Agents for Food and Beverages Market Breakdown by Key Countries- Revenue (2022) (US$ Million)
Figure 29. South & Central America Flavor Masking Agents for Food and Beverages Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 30. Brazil: South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 31. Brazil: South & Central America Flavor Masking Agents for Food and Beverages Market Volume and Forecasts To 2030 (Tons)
Figure 32. Argentina: South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 33. Argentina: South & Central America Flavor Masking Agents for Food and Beverages Market Volume and Forecasts To 2030 (Tons)
Figure 34. Rest of South & Central America: South & Central America Flavor Masking Agents for Food and Beverages Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 35. Rest of South & Central America: South & Central America Flavor Masking Agents for Food and Beverages Market Volume and Forecasts To 2030 (Tons)
Figure 36. Company Positioning & Concentration

The List of Companies – South & Central America Flavor Masking Agents for Food and Beverages Market

1. Archer-Daniels-Midland Co
2. Carmi Flavor & Fragrance Co Inc
3. Firmenich International SA
4. Kerry Group Plc
5. Koninklijke DSM NV
6. Sensient Technologies Corp
7. Synergy Flavors Inc
8. Tate & Lyle Plc

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